As it strives to become a knowledge-based economy, Qatar has experienced a remarkable economic and social development over the last 30 years. The country’s economic policy has been traditionally focused on developing its vast oil and gas reserves but has also been pushing recently for more diversification, driven by the Qatar National Vision 2030 . The vision is about moving towards a knowledge-based economy. Two interconnected pillars that will help the country achieve it are entrepreneurship and start-ups, especially in the tech space, writes Dany Farha. –
Opening the market to another pillar, an asset class such as venture capital (VC), will help further boost the drive towards knowledge economy, diversify it and grow the entrepreneurial ecosystem. By backing promising future technology leaders, through early stage growth financing and expert operational and technical support, VC can help shape up and nurture the entrepreneurship ecosystem. The VC industry can assist in building local tech success stories, ensure that Qatar participates in the tech revolution and contribute to the growth and prosperity of the start-ups and the small and medium enterprises (SMEs) in the country.
